Agrobra
ActiveSummary
Agrobra has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €42,459. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 8281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-2
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 45.74 against 32.14 in 2024; short-term debt: 0.8% and cash: 13.6% of total assets), and 0.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.2%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
70 d early
2023
55 d early
2022
68 d early
2021
95 d early
2020
82 d early
2019
85 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 73 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.7m▲ 2.6%
2024 · €1.6m
Total assets
€1.7m▲ 2.3%
2024 · €1.6m
Net result
€42,459▼ 42.9%
2024 · €74,414
Working capital
€606,293▲ 8.6%
2024 · €558,472
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€118,243▲ 5.1%€158,936▲ 34.4%€104,208▼ 34.4%€93,203▼ 10.6%€49,674▼ 46.7%
Net result€88,540within the sector's middle half▲ 4.8%€118,945within the sector's middle half▲ 34.3%€81,164within the sector's middle half▼ 31.8%€74,414within the sector's middle half▼ 8.3%€42,459within the sector's middle half▼ 42.9%
Equity€1.3mabove the sector's middle half▲ 7.0%€1.5mabove the sector's middle half▲ 8.8%€1.5mabove the sector's middle half▲ 5.5%€1.6mabove the sector's middle half▲ 4.8%€1.7mabove the sector's middle half▲ 2.6%
Total assets€1.4mwithin the sector's middle half▲ 7.6%€1.5mwithin the sector's middle half▲ 12.4%€1.6mwithin the sector's middle half▲ 1.6%€1.6mwithin the sector's middle half▲ 5.2%€1.7mwithin the sector's middle half▲ 2.3%
Debt€15,963▲ 94.6%€66,825▲ 319%€10,636▼ 84.1%€17,935▲ 68.6%€13,550▼ 24.5%
Working capital€381,229within the sector's middle half▲ 30.3%€393,388within the sector's middle half▲ 3.2%€478,696within the sector's middle half▲ 21.7%€558,472within the sector's middle half▲ 16.7%€606,293within the sector's middle half▲ 8.6%
Solvency98.8%above the sector's middle half▼ 0.5pp95.6%above the sector's middle half▼ 3.2pp99.3%above the sector's middle half▲ 3.7pp98.9%above the sector's middle half▼ 0.4pp99.2%above the sector's middle half▲ 0.3pp
Current ratio24.88above the sector's middle half▼ 11.806.89above the sector's middle half▼ 17.9946.01above the sector's middle half▲ 39.1232.14above the sector's middle half▼ 13.8745.74above the sector's middle half▲ 13.61
Return on assets (ROA)6.5%within the sector's middle half▼ 0.2pp7.8%within the sector's middle half▲ 1.3pp5.2%within the sector's middle half▼ 2.5pp4.5%within the sector's middle half▼ 0.7pp2.5%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.1m ▼ 0.5%
Current assets
€619,843 ▲ 7.5%
Equity and liabilities €1.7m
Equity
€1.7m ▲ 2.6%
Debt
€13,550 ▼ 24.5%
Debt's share of the balance-sheet total falls from 1.1% to 0.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55,036▼
2024 · €98,564
Cash flow
€47,821▼
2024 · €79,776
Debt to equity
0.01▼
2024 · 0.01
ROE
2.5%▼
2024 · 4.6%
Interest coverage
236.38▼
2024 · 489.49
Debt ≤ 1 year
€13,550▼
2024 · €17,935
Income taxes
€14,153▼
2024 · €24,805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €450 | €4,145 | €5,362 | €5,362 | = |
| Other operating charges640/8 | €7,495 | €7,571 | €7,495 | €7,614 | €9,595 | ▲ 26.0% |
| Gross operating margin9900 | €125,739 | €166,956 | €115,848 | €106,178 | €64,631 | ▼ 39.1% |
| Operating profit (loss)9901 | €118,243 | €158,936 | €104,208 | €93,203 | €49,674 | ▼ 46.7% |
| Financial income75/76B | - | - | €4,573 | €6,217 | €7,171 | ▲ 15.3% |
| Recurring financial income75 | - | - | €4,573 | €6,217 | €7,171 | ▲ 15.3% |
| Financial charges65/66B | €191 | €198 | €191 | €201 | €233 | ▲ 15.6% |
| Recurring financial charges65 | €191 | €198 | €191 | €201 | €233 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €118,053 | €158,738 | €108,590 | €99,219 | €56,612 | ▼ 42.9% |
| Income taxes67/77 | €29,513 | €39,793 | €27,426 | €24,805 | €14,153 | ▼ 42.9% |
| Profit (loss) for the period9904 | €88,540 | €118,945 | €81,164 | €74,414 | €42,459 | ▼ 42.9% |
| Profit (loss) for the period to be appropriated9905 | €88,540 | €118,945 | €81,164 | €74,414 | €42,459 | ▼ 42.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 2.3% |
| Fixed assets21/28 | €966,998 | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.5% |
| Tangible fixed assets22/27 | €120,398 | €227,184 | €223,039 | €217,678 | €212,316 | ▼ 2.5% |
| Land and buildings22 | €120,398 | €227,184 | €223,039 | €217,678 | €212,316 | ▼ 2.5% |
| Financial fixed assets28 | €846,600 | €846,600 | €846,600 | €846,600 | €846,600 | = |
| Current assets29/58 | €397,192 | €460,212 | €489,332 | €576,408 | €619,843 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €33,405 | €20,883 | €44,985 | €32,165 | €40,752 | ▲ 26.7% |
| Trade receivables40 | €32,810 | €20,567 | €29,736 | €15,880 | €23,889 | ▲ 50.4% |
| Other amounts receivable41 | €595 | €316 | €15,249 | €16,285 | €16,863 | ▲ 3.6% |
| Current investments50/53 | - | - | - | - | €350,000 | - |
| Cash at bank and in hand54/58 | €363,787 | €439,329 | €444,348 | €544,243 | €229,090 | ▼ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.6m | €1.6m | €1.7m | ▲ 2.3% |
| Equity10/15 | €1.3m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 2.6% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €1.0m | €1.2m | €1.2m | €1.3m | €1.4m | ▲ 3.2% |
| Non-distributable reserves130/1 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Distributable reserves133 | €1.0m | €1.1m | €1.2m | €1.3m | €1.3m | ▲ 3.3% |
| Amounts payable17/49 | €15,963 | €66,825 | €10,636 | €17,935 | €13,550 | ▼ 24.5% |
| Amounts payable within one year42/48 | €15,963 | €66,825 | €10,636 | €17,935 | €13,550 | ▼ 24.5% |
| Trade debts44 | €15,626 | €66,115 | €10,636 | €17,878 | €13,550 | ▼ 24.2% |
| Suppliers440/4 | €15,626 | €66,115 | €10,636 | €17,878 | €13,550 | ▼ 24.2% |
| Taxes, remuneration and social security45 | €338 | €709 | - | €58 | - | - |
| Taxes450/3 | €338 | €709 | - | €58 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,540 | €118,945 | €81,164 | €74,414 | €42,459 | ▼ 42.9% |
| + Depreciation and write-downs630 | - | €450 | €4,145 | €5,362 | €5,362 | = |
| Operating cash flow (approximation) | €88,540 | €119,395 | €85,309 | €79,776 | €47,821 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | -€107,236 | €0 | €0 | €0 | - |
| Change in cash | - | €75,542 | €5,018 | €99,895 | -€315,152 | ▼ 415% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €42,459 ▼42.9%
Net result drops to €42,459, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 7current ratio 46.01
Current ratio from 6.89 to 46.01; short-term debt falls from €66,825 to €10,636.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €118,945 ▲34.3%
Operating result €158,936, net result €118,945, both a record.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 28.86
Current ratio from 12.33 to 28.86; short-term debt falls from €12,415 to €7,472.
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 1982
Ground area
7,155 m²
Building footprint
303 m²
Volume, LiDAR
3,231 m³
2 parcels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
AGROBRA
since 19822.020.795.555
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0068/00N002 | Flanders | 6,851 m² | - | - |
| 36502B0887/00L002 | Flanders | 304 m² | 1 · 303 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- MASELIS
- Agrobra
Highest known parent: MASELIS. The sources do not say who stands above it.
Owners 1
- MASELISparentSourceaccounts MASELIS 202599.92%
Holdings 1
-
99.9%
According to the 2025 annual accounts of Agrobra and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Etablissements MONSEU
BE 0417.759.796
Rochefort · Eq €1,674,451
VOEDERS MELLAERTS
BE 0455.669.079
Tielt-Winge · Eq €1,652,787
Vande Pitte
BE 0454.051.060
Zedelgem · Eq €1,701,009
A. Vanovertveldt en Cie
BE 0413.312.248
Kortrijk · Eq €1,716,396
CEDE
BE 0461.701.291
Evergem · Eq €1,718,684
Of 689 companies in this sector we hold annual accounts for 476. 375 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded08-07-1982
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422868827
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.